Monday, October 14, 2013

Trevor Maynard, Lloyd’s head of exposure management, is dubious on whether there has been a pause in warming over the past 15 years

Trevor Maynard, Lloyd’s head of exposure management, is dubious on whether there has been a pause in warming over the past 15 years as some have claimed.

“The sceptics are just trying to push the debate and they start at 1998, which was one of the hottest years on record,” he explains. “It’s a bit like someone breaks the world record for running 100 metres and then in the next ten races people say, ‘Runners are getting slower’.”...“If climate change continues it will increase the risk of droughts and also lead to higher temperatures which may mean we’re going to see more wildfires,” notes Sandra Gonzalez, executive of Emerging Risks & Research on Lloyd’s Exposure Management team. In September, Lloyd’s Emerging Risks team published the report, Wildfires: A Burning Issue for Insurers?